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Business, 30.10.2019 05:31 livleluve76

The following information was drawn from the inventory records of preston company. beginning inventory (purchased in year 1) 100 units @ $10 each 1st purchase made in year 2 400 units @ $12 each 2nd purchase made in year 2 500 units @ $14 eachunits sold 950 units @ $15 each based on this information, which of the following represents the amount of ending inventory appearing on the balance sheet assuming a lifo cost flow

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